Stock prices remain mixed on DSE
Monday, 18 June 2007
FE Report
Stock prices remained mixed on Dhaka Stock Exchange (DSE) Sunday despite a significant rise in the turnover.
The turnover rose to Tk 1.531 billion from Tk 1.357 billion of Thursday, the last trading day.
"Institutional investors are showing enthusiasm and it is creating the buying spree," a DSE source said.
Issues under power, banks and mutual funds led the rally though DS 20, the index of blue-chip issues declined. DS 20 index shed 7.35 point to 1810.58.
DSE General Index or DGEN and All Shares Price Index or DSI gained 16.52 points to 2045.35 and 7.62 points to 1685.96 respectively.
The price of Bangladesh General Insurance Company (BGIC), the first private insurance company rose by 12.29 per cent to Tk 185.00 on the news that the company has obtained permission from the Securities and Exchange Commission (SEC) to float a mutual fund under the management of AIMS of Bangladesh Ltd.
Investors showed their interest to buy the shares of some of the banking sector issues when Bangladesh Bank advised the companies to increase their paid-up capitals through issuance of bonus or rights.
"The central bank last week ordered four banks (IFIC, Uttara, AB and UCBL) not to declare cash dividend until the paid-up capital of the banks have been raised to Tk 1 billion," a DSE announcement said.
Stock prices remained mixed on Dhaka Stock Exchange (DSE) Sunday despite a significant rise in the turnover.
The turnover rose to Tk 1.531 billion from Tk 1.357 billion of Thursday, the last trading day.
"Institutional investors are showing enthusiasm and it is creating the buying spree," a DSE source said.
Issues under power, banks and mutual funds led the rally though DS 20, the index of blue-chip issues declined. DS 20 index shed 7.35 point to 1810.58.
DSE General Index or DGEN and All Shares Price Index or DSI gained 16.52 points to 2045.35 and 7.62 points to 1685.96 respectively.
The price of Bangladesh General Insurance Company (BGIC), the first private insurance company rose by 12.29 per cent to Tk 185.00 on the news that the company has obtained permission from the Securities and Exchange Commission (SEC) to float a mutual fund under the management of AIMS of Bangladesh Ltd.
Investors showed their interest to buy the shares of some of the banking sector issues when Bangladesh Bank advised the companies to increase their paid-up capitals through issuance of bonus or rights.
"The central bank last week ordered four banks (IFIC, Uttara, AB and UCBL) not to declare cash dividend until the paid-up capital of the banks have been raised to Tk 1 billion," a DSE announcement said.